Mercer pension index says lack of mandatory retirement income stream hurts Australia
- Monday, 14 October 2013
The 2013 Melbourne Mercer Global Pension Index, which surveys and ranks the pension systems of 20 nations, suggests the greatest weakness of the Australian setup is its insufficient incentive or mandate to convert retirement benefits into income streams. Overall, Australia's pension system ranks third among its international peers in the Mercer study, despite scoring just two marks out of 10 in the income-stream area.
